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Tax Tip 2024-56, June 6, 2024 ¡ª Eligible contractors who build new energy efficient homes or substantially reconstruct existing homes into qualified energy efficient homes may be eligible for a tax credit up to $5,000 per home.

IR-2023-139, Aug. 3, 2023 ¡ª The Department of the Treasury and the Internal Revenue Service today issued proposed regulations identifying certain monetized installment sale transactions and substantially similar transactions as listed transactions ¨C abusive tax transactions that must be reported to the IRS.

Tax Tip 2023-115, Sept. 26, 2023 ¡ª Beginning Jan. 1, 2024, businesses that file 10 or more information returns must e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. For those with fewer information returns, e-filing Form 8300 is still optional.

One of the advantages of operating your own business is hiring family members. obÌåÓýever, the employment tax requirements for family employees may vary from those that apply to other employees.

FATCA related forms and instructions.

The Credit for Carbon Oxide Sequestration is a credit available under the production tax credit businesses and other entities that invest in a qualified clean or renewable energy facility or energy storage technology.

The Clean Electricity Investment Credit is a credit available under the investment tax credit businesses and other entities that invest in a qualified clean or renewable energy facility or energy storage technology.

IR-2022-122, June 9, 2022 ¡ª The Internal Revenue Service today announced that spear phishing is the 8th item on the 2022 "Dirty Dozen" scams warning list and a serious problem because it can be tailored to attack and steal the computer system credentials of any small business with a client data base, such as tax professionals' firms.

Find how to register as a Designated Official or authorize a Designated User in Business Tax Account.

Frequently asked questions about when the new requirements apply to the New Clean Vehicle Credit